Policy Briefs
Overarching Visions
G20 Policy Areas
About
G20 India 2023
Download as PDF

Share

TF-1: Macroeconomics, Trade, and Livelihoods: Policy Coherence and International Coordination

GVCs, Resilience, and Efficiency Considerations: Improving Trade and Industrial Policy Design and Coordination

Otaviano Canuto (Policy Center for the New South), Mahmoud Arbouch (Policy Center for the New South), Pepe Zhang (Adrienne Arsht Latin America Center), Abdelaaziz Ait Ali (Policy Center for the New South)
This Policy Brief was first published in https://t20ind.org

Abstract

The COVID-19 pandemic and the war in Ukraine have reignited the debate on efficiency versus resilience in international trade and global value chains (GVCs). This policy briefa (i) explains the contrasting perspectives of the private sector (primarily seeking efficiency) and the public sector (aiming for resilience); (ii) demonstrates that GVCs are still flourishing, despite some mounting signals of a geo-fragmentation leading to greater reallocation of the GVCs; and (iii) provides recommendations to help the G20 navigate the balancing act between efficiency and resilience considerations. Domestic policy design in the G20 countries and international coordination among these countries is essential.

G20 India 2023
Download as PDF

Share

Authors

Otaviano Canuto (Policy Center for the New South), Mahmoud Arbouch (Policy Center for the New South), Pepe Zhang (Adrienne Arsht Latin America Center), Abdelaaziz Ait Ali (Policy Center for the New South)

Latest Policy Briefs

Strengthening multilateralism and global governance
Measuring Prosperity Inclusively and Sustainably
This Policy Brief advocates a thorough shift for the G20 from reliance on GDP as an economic yardstick of national performance and conventional measures of corporate profits as a ...
Inclusive digital transformation
Amplifying Digitalisation For Sustainable Agri-food Systems
Ensuring food security emerges as a critical global imperative, particularly in the present and future uncertain geopolitical and economic circumstances. The contemporary agri-food systems heavily depend on international trade, ...
Inclusive digital transformation
5G Emergence In The Global South: Challenges And Policies To Overcome The Digital Infrastructure Gap
Since 2016 G20 has focused on digital connectivity as an economic prosperity driver and the overcoming of multiple social inequalities. Currently, 5G is playing a prominent role in foreign ...
Inclusive digital transformation
Toward Universal And Meaningful Connectivity: Strategy To Overcome Affordability Barriers
The challenge of digital affordability persists, with approximately 2.6 billion people, one-third of the global population, still lacking connectivity. While smartphones and broadband access are becoming more affordable in ...
Inclusive digital transformation
Powering Youth Engagement For An Inclusive Digital Economy
This policy brief advocates for youth meaningful engagement in digital economy policy and leverages youth’s perspectives on how to ensure that new digital technologies advance the Sustainable Development Goals ...
Inclusive digital transformation
Gaps In Digital Financial Inclusion: Lessons For G20
This policy brief aims to construct and analyze indices for access and usage dimensions of digital financial inclusion (DFI) in G20 economies, incorporating demographic characteristics such as gender, age, ...

Register for Updates

Would you like to receive updates on the Global Solutions Initiative, upcoming events, G7 and G20-related developments and the future of multilateralism? Then subscribe here!

1 You hereby agree that the personal data provided may be used for the purpose of updates on the Global Solutions Initiative by the Global Solutions Initiative Foundation gemeinnützige GmbH. Your consent is revocable at any time (by e-mail to contact@global-solutions-initiative.org or to the contact data given in the imprint). The update is sent in accordance with the privacy policy and to advertise the Global Solutions Initiative’s own products and services.